Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$243,116$243,116$319,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$76,384$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.341%7.640%
1st payment$1,569.54$1,569.54$2,212.15
2nd payment$0.00$572.88$0.00
Taxes / mo$160.42$160.42$160.42
Insurance / mo$150.00$150.00$150.00
MI / mo$116.59$116.59$63.90
HOA / mo$72.00$72.00$72.00
Total monthly$2,068.55$2,641.43$2,658.47
Cash to close$111,884$35,500$35,500